Spendchain is being currently designed by Spend.org as an open-source project licensed under the MIT License. This project has transitioned from the Foundation who has granted the rights to continue building the protocol in an open-source format.
The protocol is being designed to create a frictionless global payment merchant system that is fraud free, decentralized, compliant, and cost-efficient. Spendchain aims to improve legacy merchant payment processing systems.
Spend has advisors, developers, and executives all over the world building our global mission of creating the Spend ecosystems of products.